Sitara

Sitara Solar, a 100MW (140 MWp) solar plant in India is being jointly constructed by UPC Solar Asia Pacific and Ayala Corporation’s energy platform, AC Energy. Located in Jodhpur district of Rajasthan, a desert state with the highest irradiation in India, Sitara Solar has an estimated project cost of US$67 million. The construction of the solar farm started last year, and is expected to start its power generation by May-2021.  Sitara Solar secured a 20-year loan from the US International Development Finance Corporation (DFC), to be funded through a 75:25 debt-to-equity financing scheme.  Sitara Solar will supply energy for 25 years to the government-owned Solar Energy Corporation of India (SECI), which facilitates the purchase and resale of electricity of solar projects to the benefit of the distribution companies across various states. The project features high efficiency Mono-PERC solar module from Risen Solar and central inverters from Sungrow.